Skip to main content

My 2014 Financial Plans

Each year I assign a word for the forthcoming year last years word was Joy and you can read more about it over on the Mad House and this years word Nurture.

However I thought it was high time I set an annual plan, in addition to my seasonal manifesto's



So for 2014 my financial word of the year is Prudence

prudence
ˈpruːd(ə)ns/
noun
  1. 1.
    the quality of being prudent; cautiousness.
    "we need to exercise prudence in such important matters"
    synonyms:wisdom, judgement, good judgement, judiciousness, sagacity,shrewdness, advisability, common sense, sense
    "foresters argue about the prudence of drastic thinning"
    caution, cautiousness, care, carefulness, canniness, chariness,wariness, circumspection;
    far-sightedness, foresight, forethought;
    discretion
    "an elder counselled prudence"
    thrift, thriftiness, providence, good management, careful budgeting,economy, canniness, frugality, abstemiousness;
    forehandedness;
    raresparingness
    "thanks to his father's prudence, a fortune was made"

We have been in our home for nearly eight years and we really need to make some updates to it.  We need a new stair and hall carpet.  New bedroom furniture is needed for the boys as we bought the cheapest we could find when we moved in.

We also have some debt that we need to pay off before moving forward with this work.

So I plan to:



  • Declutter and continue to sell things we no longer need or want.
  • To only buy things we need.  
  • To think twice about whether we need something.
  • To continue meal planning and reducing food waste
  • Look for new ways to bring additional income into the house.
  • To use up what we already have.  I will not stockpile.  Specifically I will not buy anymore fabric until I use up my stash or sell it.


Labels:

Comments

  1. Bex30 December 2013 at 21:48

    Great minds in deed we should keep an eye on each other!!

    ReplyDelete
  2. Happy Homebird30 December 2013 at 23:20

    Me too! I really want to try and get rid of my overdraft this year and aim to be as frugal as possible. Sam

    ReplyDelete
  3. divasupermum31 December 2013 at 04:28

    sounds like my kind of plan

    ReplyDelete
  4. Amanda31 December 2013 at 09:30

    An excellent plan, one I really need to apply to our lives too!

    ReplyDelete
  5. Kerrie McGiveron31 December 2013 at 19:14

    I have a similar plan in mind xxx

    ReplyDelete
  6. Unknown2 January 2014 at 08:25

    While we were disappointed by what we considered shallow advice, others who have no experience or interest in detailed financial analysis may find his more topical approach more approachable. www.settlemoon.com/

    ReplyDelete

Post a Comment

I love comments and will try to respond to all

Popular posts from this blog

Win a £60 Amazon Voucher with Barclaycard Freedom Rewards and A Thrifty Mum

Barclaycard Freedom Reward Card asked me to take their  60 second survey to see what shopping tribe I was part off .   Barclaycard and Brunel University have collaborated to research the modern way in which we shop and how UK shoppers can now be defined into four new shopping tribes.  I am a Bargain Hunter Gatherer: You're an expert at collecting the best tools, voucher codes and loyalty cards to make your budget go as far as possible, week in, week out. While the kids are doing their homework, you're doing yours - grabbing the best savings for your family. Key facts about you: You're most likely to be female, married or living with your partner and living in the north of the UK. You lot are busy. Two thirds of you cleverly juggle your home, work and financial life. You're not easily tempted by big discounts, only 35% of you have ever bought a non-essential item you didn't need because of a special offer. Home really is where the heart is - 42% of you...
233 comments
Read more

Bissell Vac and Steam Machine Review and Giveaway

I have hard floors downstairs which I love.  They are much more practical than carpet with 2 mucky boys and a dog. Over the past 8 years I have tried all sorts of ways to keep them clean and I think I have finally found the product that does that for me. It is the  Bissell Vac and Steam Machine .  This amazing suel action machine vacuums and steam cleans either independently or at the same time.  It means that I have done away with my vacuum and steam cleaner downstairs (which I gave to my brother in law). What I like: You can either vacuum or steam clean or do both It is lightweight and easy to manoeuvre The handle is adjustable great for a home with people of different heights and for getting the kids involved. You need no chemicals The pads are washable and reusable It comes with a two year guarantee It warms up fast (within 30 seconds) so no long wait to start cleaning It costs under £100 It is space saving.  No need for a separate vacuum,...
309 comments
Read more

Dumping the tumble dryer and Ecoforce giveaway

We have a tumble dryer, but it broke before christmas and we  couldn't afford to get it repaired, so I have been managing with an old fashioned wooden clothes rail and hanging bedding over the doors to dry, This last would of weeks however, I have been hanging the washing outside and it has been drying much quicker and with less creases, so I am going to take the plunge and instead of getting the dryer replaced I am going to give it away. Ecoforce heard me on twitter bemoaning the fact that I was chasing laundry round the garden as my pegs were not working and very kindly sent me some of their Ecoforce pegs to try and they have been fab. So in conjunction with Ecoforce I have a year's supply of green cleaning and washing up wonder products worth £50 comprising the following: EcoForce Peg Basket x 1 EcoForce Clothes Line x1 EcoForce Pegs x 2 packs Several of each of: EcoForce sponges, scourer...
246 comments
Read more